Lionel De Broux

manager selection specialist, IPCM, ING Private Management

Based in: Luxembourg

“The last quarter of 2010 saw a strong rebound of most of our equity investments. In particular, our two funds dedicated to the US market (Investec and Schroder) have performed well. In addition, our bets on commodities via the JPM Natural Resources fund have been beneficial. While we have not made any change in the portfolio this month, we are closely monitoring the evolution of both Govies and Emerging Market Debt. Despite disappointing performance in 2010, we are ready to switch part of our bonds allocation into absolute return and hedge fund products.”